Türkiye Wealth Fund was established to contribute to Türkiye’s economic development and stability by managing publicly owned assets more effectively and efficiently. It is an asset-backed development fund that focuses on maximizing the value of its portfolio assets and the return from its investments. The sovereign wealth fund aims to fund infrastructure projects in the region. The fund was incorporated with a primarily domestic focus. TVF is expected to generate long-term and low-cost finance for strategic, large-scale investments contributing to Turkey’s development.
Turkey Wealth Fund
Turkey
$290
Salim Arda Ermut
Aziz Murat Uluğ, Bilal Bedir
Recep Tayyip Erdoğan
Baed on Sectoral Distribution of TWF’s Total Assets
72.97% Financial Services
10.23% Energy
10.79% Transportation and Logistics
3.68% Technology and Telecommunications
1.05% Real Estate
0.6% Agriculture and Food
0.59% Mining and Iron-Steel
0.09% Licenses
Asset allocation as of December 31, 2024. All information is as per the most recent annual report or other publicly available data via the fund's website
| Fund Name | Country | AUM ($B) | Articles | More Info |
|---|---|---|---|---|
Investment Management Corporation of Ontario (IMCO) | Canada | $63 | 28 | View Info |
PKA Pension Fund | Denmark | $79 | 7 | View Info |
California State Teachers Retirement System (CalSTRS) | United States | $368 | 134 | View Info |
